WEX Inc. (NYSE:WEX) Receives $217.73 Consensus Price Target from Analysts

Shares of WEX Inc. (NYSE:WEX) have been given a consensus rating of “Hold” by the thirteen research firms that are currently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $209.73.

A number of equities research analysts have weighed in on the company. Wells Fargo & Company reduced their price objective on WEX from $180.00 to $160.00 and set an “equal weight” rating for the company in a research note on Friday. Bank of America downgraded shares of WEX from a “buy” rating to a “neutral” rating in a research report on Thursday. William Blair reissued a “market perform” rating on shares of WEX in a research report on Thursday. Barclays reaffirmed an “equal weight” rating and issued a $200.00 target price (down from $207.00) on shares of WEX in a report on Tuesday, December 17th. Finally, Wolfe Research lowered WEX from an “outperform” rating to a “peer perform” rating in a report on Monday, October 28th.

WEX Trading Up 0.0 %

NYSE WEX opened at $152.00 on Friday. The firm’s fifty day moving average price is $177.60 and its 200 day moving average price is $185.82. WEX has a 12 month low of $146.03 and a 12 month high of $244.04. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.02 and a quick ratio of 1.04. The company has a market capitalization of $6.05 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.24 and a beta of 1.58.

WEX (NYSE:WEX) last issued its quarterly earnings data on Wednesday, February 5th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.16. WEX had a return on equity of 32.35% and a net margin of 11.78%. On average, sell-side analysts expect that WEX will post 14.27 earnings per share for the current fiscal year.

Insider Buying and Selling at WEX

In other WEX news, COO Robert Joseph Deshaies sold 175 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $189.44, for a total transaction of $33,152.00. Following the completion of the sale, the chief operating officer now owns 7,582 shares of the company’s stock, valued at approximately $1,436,334.08. The trade was a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in shares of WEX by 206.1% during the third quarter. Venturi Wealth Management LLC now owns 150 shares of the business services provider’s stock worth $31,000 after purchasing an additional 101 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of WEX in the 3rd quarter valued at $35,000. Jones Financial Companies Lllp grew its holdings in shares of WEX by 108.4% during the fourth quarter. Jones Financial Companies Lllp now owns 248 shares of the business services provider’s stock valued at $43,000 after buying an additional 129 shares in the last quarter. UMB Bank n.a. increased its stake in WEX by 552.5% in the 4th quarter. UMB Bank n.a. now owns 261 shares of the business services provider’s stock valued at $46,000 after buying an additional 221 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in WEX by 25.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 327 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 66 shares in the last quarter. 97.47% of the stock is currently owned by hedge funds and other institutional investors.

About WEX

WEX Inc operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings.